Off the wire
• 2nd LD Writethru: UN chief "gravely concerned" at fighting in Yemen  • Exports by Irish companies hit all-time high  • Clashes erupt as Israeli Ethiopians protest police violence in Jerusalem  • Egypt's foreign debts decline to 41.3 bln USD in 2015 Q2  • Flash floods kill two, topple three buildings in Havana  • Urgent: UN chief "gravely concerned" at fighting in Yemen  • EP urges using of Expo Milano 2015 to push food security  • Large real estate project by Chinese developer starts to construct in London  • Timberwolves' Andrew Wiggins named NBA Rookie of the Year  • Chicago soybeans, corn, wheat drop on stockpiles, favorable weather  
You are here: 　 Home

Albanian public debt touches record high

Xinhua, May 1, 2015 Adjust font size:

For the first time in Albania's history, public debt has reached the level of 1 trillion lek (7.7 billion U.S. dollars), Albanian Daily News reported on Thursday.

Thus, public debt has touched the level of 72 percent of the GDP while the Albanian government, as agreed with the International Monetary Fund, aims to reduce it to 65.5 percent in 2017.

This historical record, achieved on March 31 of this year, was announced by the Ministry of Finance, although not final ones.

Experts said on Thursday that this is the result of weak economic growth and lack of income. Endit